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| Glendale | | Why not take advantage of current | | Fictitious Groups: Groups formed |
| Torrance | | low prices? Many auto insurance | | primarily for the purpose of buying |
| Lake Charles | | consumers are becoming educated | | insurance. Under the law such groups |
| Cincinnati | | on other companies, plans, and rates | | may not be underwritten. |
| Sumter | | that are available to them; ones that | | |
| Stamford | | could afford them significant savings | | Provisions: Statements contained in |
| Alexandria | | on their auto insurance. | | an insurance policy which explain the |
| Sumter | | | | benefits, conditions and other |
| Belleville | | Healthy people have the best | | features of the insurance contract. |
| Melbourne | | mortality risks and thus are much | | |
| Cherry Hill | | cheaper for companies to insure. This | | Criticism: A correction suggested by a |
| West Chester | | translates into lower rates for the | | rating or auditing bureau to an insurer. |
| Santa Rosa | | Super Preferred customer than | | |
| Trenton | | someone with higher risk factors such | | Incurred Expense: Expenses not yet |
| Knoxville | | as a heart condition, cancer or | | paid. Can also include paid |
| Coral Springs | | diabetes. Conversely, if you were | | expenses in some accounting |
| Wilmington | | unhealthy when you acquired your | | systems. |
| Troy | | policy, and your health has now | | |
| Chattanooga | | improved, it might be time to shop for | | Level Commission System: A system |
| Evanston | | a new policy, as your rates are likely | | of commissions in which the first year |
| Gaithersburg | | to be lower. | | and all renewal commissions are the |
| Huntington | | | | same percentage of the premium. |
| Inglewood | | While some companies raise their | | |
| Malden | | prices based on your actual age, | | Society of Insurance Research: An |
| Mesquite | | most companies increase the price of | | organization which encourages |
| Carlsbad | | their policies six months before your | | insurance research and promotes the |
| Muncie | | birthday. Its a term called Age | | exchange of ideas and methods of |
| Mobile | | Nearest in the industry, and that | | research. |
| Boynton Beach | | half-year price increase could really | | |
| St. Paul | | add up over a 20-year term policy. As | | Broker of Record: A broker who has |
| Mountain View | | above, the quicker you purchase your | | been designated to handle certain |
| Frederick | | policy the better. | | insurance contracts for the |
| Acworth | | | | policyholder. |
| West Chester | | If you decide to cancel your policy | | |
| York | | (after acquiring new coverage) | | |
| St. Louis | | outside of the 30-day period, you may | | |
| York | | have to pay a fee or penalty. | | |
| Englewood | | However, you may still save money | | |
| Biloxi | | after paying the fee if your new policy | | |
| Ann Arbor | | affords you significant savings. So | | |
| Lakewood | | while it is best to wait until your | | |
| Grand Junction | | receive your renewal notice, you CAN | | |
| Jacksonville | | cancel your policy at any time. | | |
